Foreign banks have transferred 235 million USD out of FYR Macedonia

Foreign banks have transferred 235 million USD out of FYR Macedonia

Skopje, June 4, 2014/Independent Balkan News Agency

By Naser Pajaziti

Foreign banks operating in the territory of the former Yugoslav Republic of Macedonia, have transferred last year 235 million USD. This amount equals 2,3% of GDP.

The figures were published today in the latest report of the Vienna Initiative.

According to the data of this organization, during 2013, foreign banks which have transferred most funds are those that operate in Slovenia, Bulgaria and Croatia.

Vienna Initiative is an international organization for lenders and regulators, the scope of which is to preserve the stability in the financial sector of Eastern European markets.

European Bank for Reconstruction and Development, European Bank for Investments and World Bank are part of this initiative. /ibna/